Comcast Acquires Plaxo

After months of speculation, Plaxo has announced that it has signed an agreement to be acquired by Comcast.

According to CEO Ben Golub, Plaxo will remain an independent operation in Silicon Valley, reporting to Comcast Interactive Media, the division of Comcast that develops and operates Internet businesses focused on entertainment, information and communication.

Plaxo and Comcast have worked together previously, with Plaxo providing the universal address book for Comcast’s SmartZone communications center, and Plaxo hosts all of the address book accounts for Comcast webmail users.

Mountain View based Plaxo has taken $28.3 million over four rounds. The acquisition price was not disclosed but previous rumors have priced Plaxo at around the $150-$200 million mark.

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